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About This Home
This 3-bedroom, 1-bathroom single family at 923 GARLAND St in Memphis, TN is listed for $109,500 ($64 per sqft). Built in 1926, the home offers 1,706 sqft of living space on a 0.14 acres lot.
Investor opportunity with tenant already in place! This well-maintained, professionally managed 3BD/1BA single-family home is generating $1,050/month with a lease secured through 12/31/2026 - immediate cash flow from day one with no vacancy risk. Located in the Historic Vollintine Evergreen neighborhood, this solid home has been consistently cared for without the need for major capital investment upfront.
Value-add potential through cosmetic updates or rent optimization at lease renewal. Conveniently located near I-240, Downtown Memphis, and Midtown amenities, keeping demand strong from Memphis's steady renter pool. Do not disturb tenant. Showings by appointment only with accepted offer and proof of funds. Sold AS-IS. Buyer to verify all information.
Key Features
- Built in 1926
- 0.14 acre lot
- Fireplace
Property Details
Amenities
Monthly Cost Estimate
$586/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
923 GARLAND St
Memphis, TN 38107
STONEWALL
Features & Amenities
Exterior Features
Property Details
Flooring
Pool Features
Parking
Heating
Cooling
Questions & Answers
This 3-bedroom, 1-bathroom single family at 923 GARLAND St is listed at $109,500 ($64/sqft). The estimated monthly payment is $475 based on 20% down at 6.5% interest.
Key features include: Built in 1926, 0.14 acre lot, Fireplace. Exterior Features: Porch.
This property is listed by Aaron Ivey and can be reached at 9016711015 or aivey@epmleasing.com.
